CHICAGO--(BUSINESS WIRE)--Asset manager R Squared Capital Management, based in New York City, has
appointed Northern Trust to provide investment operations outsourcing in
support of its middle office.

Northern Trust will provide a full complement of investment operations
solutions, including trade matching, data management, portfolio
accounting, client reporting, reconciliations, as well as risk and
performance services.

“As a start-up company, we are especially concerned about superb
execution for our clients,” said Rudolph-Riad Younes, Chief Executive
Officer and Chief Investment Officer of R Squared Capital Management.
“Northern Trust brings a strong global presence, a stellar reputation
for client service and streamlined operations, which will help us to
grow our business and capture cost efficiencies.”

R Squared Capital Management began operations in 2013 and launched its
first mutual fund in December 2013. The firm’s management team has more
than 20 years of experience in the international equity space.

“We are excited about our new partnership with R Squared,” said Dan
Houlihan, head of Global Fund Services in North America for Northern
Trust. “The integrated nature of our operations platform allows our
clients to simplify their business and focus on the essentials. Reduced
administrative burdens and access to accurate data are increasingly
important as economic volatility grows and regulatory challenges
continue to mount.”

Northern Trust’s Global Fund Services business provides custody, fund
administration, and investment operations outsourcing solutions to
investment managers across the globe and across the spectrum of asset
classes. Investment Operations Outsourcing is a high-growth business for
Northern Trust with more than 60 clients in North America, Europe and
Asia-Pacific, all of which are serviced on a single global platform.

About Northern Trust

Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of
investment management, asset and fund administration, banking solutions
and fiduciary services for corporations, institutions and affluent
individuals worldwide. Northern Trust, a financial holding company based
in Chicago, has offices in 18 U.S. states and 18 international locations
in North America, Europe, the Middle East and the Asia-Pacific region.
As of December 31, 2013, Northern Trust had assets under custody of
US$5.6 trillion, and assets under investment management of US$884.5
billion. For more than 120 years, Northern Trust has earned distinction
as an industry leader in combining exceptional service and expertise
with innovative products and technology. For more information, visit www.northerntrust.com
or follow us on Twitter @NorthernTrust.

Northern Trust Corporation, Head Office: 50 South La Salle Street,
Chicago, Illinois 60603 U.S.A., incorporated with limited liability in
the U.S. Global legal and regulatory information can be found at http://www.northerntrust.com/disclosures